[ferro-alloys.com]In this month, U.S dollar index went up and down. People thought that the index of U.S dollar would drop down in a long period in the future. The increasing rate of LME nickel price went down. By the end of trading, LME nickel was quoted at 16185 USD/T. It was 5 USD/T higher than the price on last Thursday. The trading volume was less in the future nickel market. The market was in downturn. Compared with Shanghai future nickel 1909 contract, the discount of Russian nickel was 250-300 RMB/T, and the premium of Jinchuan nickel was 800-900 RMB/T. Today, Jinchuan quoted its electrolytic nickel at 126600 RMB/T, it was 400 RMB/T lower than the price yesterday.
The stainless steel market was stable today,so was the ferronickel market. The high grade ferronickel was quotd at 1080-1100 RMB/Nickel.The low grade ferronickel was 3050-3250 RMB/T.